🌎 Stellantis and UAW shift into drive

Plus: ‘Tis the season for sobering toy sales. Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/tw54UIj9UbDYsacpVk3WGLwzo_h0uyCiCAhgPNbjtyU=324) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850971237%2Fstellantis-and-uaw-shift-into-drive%2F/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/ADb7Qya1TPlLNAiMgz8SvIvgaB_YtMSeZAyMKG_kn0g=324) October 30, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850971237%2Fstellantis-and-uaw-shift-into-drive%2F/2/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/lz41PYCOmbfjQCSuJBpX1iKSTqzjc2gahwyssvGFlRU=324) %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850971237%2Fstellantis-and-uaw-shift-into-drive%2F/3/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/1MqZHwAdOZFxCqrRWorXZ-TRFInffr6v49QyoJDrcGw=324 Photo: Reuters (Rebecca Cook) Good morning, Quartz readers! Here’s what you need to know Stellantis and the United Auto Workers reached a tentative agreement. The Jeep/Chrysler maker and unionizers came to a preliminary deal [after six weeks of strikes](%2F%2Fwww.cnbc.com%2F2023%2F10%2F28%2Fuaw-strike-stellantis-union-negotiators-agree-to-terms-of-a-deal.html/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/_AihwLZcclpf7mj6uezlN7uJHuPDDeTCVbOw3FMIbos=324) in the US. Trade talks between the EU and Australia collapsed. A deal, which was being negotiated on the sidelines of the G7 trade ministers’ meeting in Japan, [was held up by](%2F%2Fwww.politico.eu%2Farticle%2Ftrade-talks-between-australia-and-eu-collapse%2F/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/lVKZAtmjeGgvt8vlha57MbRf2TIHZam0YEiz3Omnp2g=324) agricultural demands. G7 leaders also called for an [immediate lift](%2F%2Fwww.reuters.com%2Fworld%2Fg7-calls-immediate-repeal-bans-japanese-food-pressing-china-2023-10-29%2F/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/jytcKC2K-A4BSgFBKVlmnGcYKYuuti6v28CAqciCy50=324) of import bans on Japan’s seafood. Israel’s economy is heading toward an 11% downturn. The estimate from JPMorgan Chase is among [the most pessimistic](%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-10-29%2Fjpmorgan-says-israel-s-economy-may-shrink-11-this-quarter/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/qjMYn8uX-7O9SMq59adehjQVCNVyB1evFbXp28a-etw=324) since Israel’s war with Hamas began. Argentina will ban oil exports starting Wednesday if its supply chain doesn’t improve. Shortages, caused by an increase in demand and uncertainty around who will be the country’s next president, [are threatening stock](%2F%2Fbuenosairesherald.com%2Feconomics%2Famid-fuel-shortage-massa-vows-to-bar-oil-exports-from-wednesday/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/bmU1wn6WekkclEF9V43qpTNoo3f_WR2tHABtoLqm2WQ=324). Mattel stock’s Barbie gains have been wiped out %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850971237%2Fstellantis-and-uaw-shift-into-drive%2F/4/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/QanPvwHpvpVoVojzVLe4NrP3u_MO_7tT3QKXfqp0VKE=324 Graphic: (Ananya Bhattacharya) Mattel’s Barbie bump has lost its bright pink shimmer. On the back of this summer’s [billion-dollar blockbuster](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850712320%2Fthe-barbillion/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/LiYk01ZQ52fpW6PCvPh7B0jyP-wXxX72yljLL-q6kw4=324), the toymaker saw revived interest in the iconic doll, with at least $125 million in expected sales related to the film. Movie madness didn’t just help Mattel—the new Transformers movie propelled sales of related toys at Hasbro, which were “up 30% year over year and, during the movie window, [were] up over 90%,” CEO Chris Cocks said last week. But not all that glimmers plastic is gold, and ’tis the season for some sobering toy sales. With both companies predicting lackluster holidays, it’s unlikely [that the breakout Barbie and Transformer product lines](%2F%2Fqz.com%2Ftis-the-season-for-sobering-toy-sales-for-hasbro-and-ma-1850965690%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/4sHUOE5puOfazaXq9mY0HCSnuEAED9JbaCFogm7QR9w=324) will be enough to light up Christmas. Quotable: A 70-hour workweek should be the exception, not the rule “Seventy-hour workweek, as a rule, is crap. Has only led to burnout for me/my team in the past. Ultimately execution, relationships suffered. Exceptions are fine: When there is a deadline or backlog that needs to be cleared once in a while—with a nice break later. But not as a culture.” —Mahavir Chopra, the founder of Indian insurance tech platform Beshak. He was responding to calls from two of India’s top tech leaders—Infosys founder N. R. Narayana Murthy and Ola’s Bhavish Aggarwal—for [young workers to put in 15-hour days](%2F%2Fqz.com%2Finfosys-ola-work-longer-hours-employees-1850965828%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/dFCrq6MilJuXWvCuB9uWqG-KeIwWHnhmt_iJGzCEsQI=324). Big Bank leadership is approaching a generational shift James Gorman’s departure from the top spot at Morgan Stanley marks a generational sweep through big banks’ C-suite as younger, post-global financial crisis executives take the reins. There’s still one fiery CEO who, up until now, hasn’t seemed to be going anywhere: [JPMorgan’s Jamie Dimon](%2F%2Fqz.com%2Flet-s-be-clear-jamie-dimon-isn-t-going-anywhere-1850964567%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/G-Mnr5gFD2l9W3vxBhgCqHT9nrFbZ2Oz7G4Ld6bn8ww=324), who famously hasn’t answered succession queries concretely (and seems to have no intention of doing so). But after selling $140 million in shares, tea-leaf readers are wondering if the 67-year-old banking executive [is priming for retirement](%2F%2Fqz.com%2Fjamie-dimon-still-has-skin-in-the-game-after-140-mil-1850967536%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/iulUh3E7Go2-ibyiPSOf512cVj23m2b1BTQsewgFWFk=324). How does Dimon’s 18-year tenure stack up against other finance CEOs’s? 52: Warren Buffett of Berkshire Hathaway 38: Stephen Schwarzman of Blackstone 28: Richard Fairbank of Capital One 10: William Demchak of PNC Bank 10: Bruce Van Saun of Citizens Bank Quartz’s most popular 🌯 [Chipotle will pass the California minimum wage hike on to customers](%2F%2Fqz.com%2Fchipotle-will-pass-the-california-minimum-wage-hike-on-1850965639%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/dO-_-Xn9WWkRkQuzFghgY6kgtcyX6eCER4hBjB7q7pA=324) 🇹🇭 [Why so many Hamas hostages are from Thailand](%2F%2Fqz.com%2Fwhy-so-many-hamas-hostages-are-from-thailand-1850963541%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/6w5qokJMP9346tT5SbZg-l60EosPZUd3GqfmvwT8knQ=324) 📦 [How Adobe Photoshop’s generative AI handled holiday warehouse logistics](%2F%2Fqz.com%2Fadobe-photoshop-ai-amazon-warehouse-logistics-1850968157%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/cTgktrHyPHEjfkMmYcslf9akEaU9kh872Bz1rZOf6rg=324) 🫨 [Researchers analyzed 700-plus songs known to give people chills. Here’s the playlist](%2F%2Fqz.com%2F2071652%2Fa-spotify-playlist-with-715-songs-known-to-give-people-chills%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/kzL0-7Ymy0Z89SPCKZU7T5MSZBjCWL-wPYl7ksOeJ80=324) 💀 [What we’re getting wrong about the “generative AI is a job killer” narrative](%2F%2Fqz.com%2Fwhat-were-getting-wrong-about-the-generative-ai-is-a-j-1850959777%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/lDmf3UEkJ6s3kFZw6MBJ4_Mq8we_pfDxCFul0_guDHo=324) 👠[The Fed’s main inflation gauge is climbing—and analysts blame Taylor Swift](%2F%2Fqz.com%2Finflation-rises-fed-taylor-swift-1850966800%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/ke5O4zddUY8zdi-rssLY9owZ6lD9FK6WeQR2GvLZcNI=324) Surprising discoveries Boston Dynamics made four-legged tour guide robots with different personalities. Our favorite is Josh, [who’s really sarcastic](%2F%2Fyoutu.be%2FdjzOBZUFzTw%3Ffeature=shared%26t=268/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/1X5nA22LDdMzDBrUUd4_xWcLjW6mBIEw__QDtHG_Xek=324). Sea otter 841 is now 841+1. The surfboard stealer has a pup to carry on [the family swiping business](%2F%2Fwww.theguardian.com%2Fenvironment%2F2023%2Foct%2F27%2Fotter-841-mother-pup-california-santa-cruz/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/9R0pVg-KJCZnOWgDfXQ0KDouyQoVKKAQ4aMGpGQKEjk=324). Would you pay $5,000 for a jacket dyed by bacteria? Each has a pattern that’s one-of-a-kind, based on [how the microbes interact](%2F%2Fwww.fastcompany.com%2F90971674%2F90971674/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/u-tnVZ4ttUgJx6Bd-sNprRxfeNSHXChfcPJuITXivZs=324) with the fabric. And would you eat at Thai Food Near Me? Chances are you’ve searched for it on Google, like an average of [a million Americans](%2F%2Fwww.theverge.com%2F2023%2F10%2F26%2F23931825%2Fgoogle-search-local-seo-thai-food-near-me-maps/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/d_S5bTdo1LlPttameetXFdpLfPg4a2NlEBwIk2kDC5U=324) do each month. A New Zealand city is being inundated with Céline Dion. The artist’s songs are being [blasted from loudspeakers](%2F%2Fwww.theguardian.com%2Fworld%2F2023%2Foct%2F24%2Fporirua-siren-kings-new-zealand-city-speaker-battles/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/gG1kFBaUPXJyhGfjZ-3whq_DAq8SzW3BxrHGuZPyyfo=324) attached to the top of cars, and people are getting sick of it. Did you know we have two premium weekend emails, too? One gives you analysis on the week’s news, and one provides the best reads from Quartz and elsewhere to get your week started right. You can get those by [becoming a member](%2F%2Fqz.com%2Fsubscribe%2Fplan/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/U_MJknq7rNuMPLYfMtfXyMhJGhUIXj54K7MY27f_Gjs=324)—and take 20% off! Our best wishes for a productive day. Send any news, comments, Thai food near me, and your best “It’s All Coming Back to Me Now” renditions to [talk@qz.com](mailto:talk@qz.com?cc=&subject=Daily%20Brief%20feedback%20&body=). Today’s Daily Brief was brought to you by Morgan Haefner. [🌐 View or share this email online.](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850971237%2Fstellantis-and-uaw-shift-into-drive%2F/5/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/bZYbn3_1oRU2v2oqDHENeHkq28mx5Pp90lrDT_kdzDI=324) [📬 Check out our emails [caret]](%2F%2Fqz.com%2Femails%2F/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/e0iVkTXXfOyntG3JzThS28ENGQnbcwFK0fGI6IXU0HU=324) [👀 Read Quartz’s latest stories [caret]](%2F%2Fqz.com%2Flatest%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/tcCaUe4QK_FfCdYaJtOK50IyOPjPpfjWm_bv2mdddWM=324) [📈 See what stories are trending [caret]](%2F%2Fqz.com%2Fdiscover%2Ftrending%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850971237/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/gQBYZdFhyFF-XvFlAv9Fxixj-T1PbDxEQzq1ugupEAM=324) 1290 Avenue of the Americas, New York, NY 10104 © 2023 G/O Media Inc. [Unsubscribe](%2F%2Fqz.com%2Fnewsletter%2Funsubscribe%3FsubscriptionToken=2c6a6a5b4aa4c5dd8bd038e02a176f0190b9207b-116441%26utm_source=quartz_newsletter%26utm_medium=email%26utm_campaign=2023-10-30/1/0100018b80032ad3-8ed5d666-8154-4d6a-babb-9081923991fc-000000/SV-tuxDb9MYZwxPTublPguPeTnPLafOM2lVKI40Anko=324)